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Alternatives to WorldRemit

Explore money transfer services similar to WorldRemit to help you find the best deal.

Updated

Dec 5, 2022

Whether you’re seeking alternatives to WorldRemit because it isn’t offered in your area, you need higher transfer limits or you want cheaper transfer options, check out what other options you have using the list below.

We’ve compiled some of the most popular money transfer companies that hit the same notes as WorldRemit but excel in other areas where WorldRemit is lacking.

1. Wise

Wise offers users the mid-market rate for its transfers and is one of few companies to do so, so what you see on Google is the rate you’ll exchange your money at.

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Why pick Wise instead?

Guaranteed better exchange rates
Minimum transfer of $1, good for small transfers
Offer multi-currency accounts

Downsides

High fees can offset the benefits of mid-market exchange rates
Limited currency options compared to WorldRemit
Not suitable for large transfers

2. Xe Money Transfer

Xe offers low-fee transfers and is backed by a well-known brand in the currency exchange industry.

Why pick Xe Money Transfer instead?

Low fees – small flat fee below $500.
Competitive exchange rates
Max transfer is $500,000 per transaction
Send money to 130+ countries from six regions around the world.

Downsides

Doesn’t accept cash or card payments
No cash pickup option
Must pay and transfer via bank accounts

3. OFX

OFX is a good alternative for sending large amounts, especially since it waives its transfer fees when sending $10,000 or more. There is also no maximum sending limit.

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Why pick OFX instead?

No maximum transfer amount
Fees waived for larger transfers
Hedging options: forward contracts and limit orders

Downsides

Must transfer to a bank account
Can only pay by bank transfer
No cash pickup options
High minimum transfer amount of $1,000

4. Western Union

With over 145 years in the business, Western Union has over 500,000 locations and a wide assortment of money transfer options.

Why pick Western Union instead?

Trusted provider since 1871
500,000+ global locations
Flat fees

Downsides

Weak exchange rates are often 5% more than the mid-market rate
Often more expensive than other, smaller transfer companies

5. Instarem

Instarem is one of very few money transfer services to offer the mid-market currency exchange rate, but only for some currencies during certain hours of the day.

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Why pick Instarem instead?

Transparent fees
Same-day transfers for most supported currencies
Loyalty points system that can be redeemed against transactions

Downsides

Transfers must be sent to a bank account
Must pay via bank transfer
Fewer supported currencies than many competitors

6. Xoom

Xoom is smaller than WorldRemit but typically offers more competitive fees to the countries it operates in.

Why pick Xoom instead?

Money-back guarantee if your transfer doesn’t arrive on time
Integrates with PayPal accounts
Operates in over 160 countries

Downsides

Low maximum sending limits of $2,999 for new customers
Transfer fees can vary depending on sending method, amount and destination

Still looking for other options?

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.

Alternatively, learn more about WorldRemit in our review.

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Name	Fastest Transfer Speed	Fees (Pay by Bank Transfer)
Remitly	Within minutes	From $0	Special offers like free transfers and better exchange rates available for new customers. Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site View details	loading Fetching your data...
Instarem	Within minutes	From 0%	New Instarem customers will get a special FX rate and zero-fees on their first transfer. Instarem offers zero transfer fees on all transfers.	Go to site View details	loading Fetching your data...
MoneyGram	Within minutes	From $1.99	MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.	Go to site View details	loading Fetching your data...
Wise (TransferWise)	Within minutes	From 0.41%	Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site View details	loading Fetching your data...
OFX	24 hours	$0	OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site View details	loading Fetching your data...
OFX International Money Transfers (Business)	24 hours	$0	Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.	Go to site View details	loading Fetching your data...
Currencies Direct (business)	24 hours	$0	Minimizes costs of international transactions and offers custom solutions for business clients. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.	Go to site View details	loading Fetching your data...
Currencies Direct	24 hours	$0	CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.	Go to site View details	loading Fetching your data...
CurrencyTransfer	24 hours	$0	CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.	Go to site View details	loading Fetching your data...